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Exclusive: Swish raising $30 Mn at over 2.4X valuation premium

EntrackrEntrackr · 1d ago
Exclusive: Swish raising $30 Mn at over 2.4X valuation premium
Medial

Exclusive: Swish raising $30 Mn at over 2.4X valuation premium Ten-minute food delivery startup Swish is all set to raise Rs 282.5 crore or approximately $30 million in a Series B round led by existing investor Hara Global with participation from Accel India and Bain Capital Ventures. The new funding comes a year after the Bengaluru-based company’s last fundraise. Previously, the company raised $14 million from Hara Global Capital and Accel. The board at Swish has passed a special resolution to issue 5,843 Series B compulsory convertible preference shares at an issue price of Rs 4,83,419 each to raise the above-mentioned amount, its regulatory filing accessed from the Registrar of Companies shows. Hara Global Capital will lead the round with Rs 127.57 crore ($14 million) investment to increase its stake in the firm. Bain Capital Ventures and Accel India will join the round with Rs 91 crore (around $10 million) and Rs 63.76 crore ($7 million), respectively. According to Entrackr’s estimates, Swish’s valuation will jump over 2.4X to Rs 1,267 crore or around $140 million post-money, from Rs 522 crore ($60 million) in its previous $14 million Series A round. Following the allotment of the new round, Accel India will hold the largest stake at 26.2%, followed by Hara Global with 20.43%, while new investor Bain Capital Ventures will own a 7.19% stake. Its co-founders Aniket Shah, Sureshkumar Saran, and Ujjwal Sukheja will retain 12.72% each. Founded in 2024, Swish’s 10-minute delivery model operates within a 1.5–2 km radius using cloud kitchens called delight centers. Swish entered the ultra-fast food delivery segment alongside larger players like Zomato, Swiggy, and Zepto. Swiggy recently shut down Snacc, its standalone 10–15 minute food delivery app, within a year of launch. Zomato paused its 15-minute delivery service Quick just four months after its debut. Zepto Café closed nearly 200 of its 600 outlets as part of an internal restructuring. Ola also put its Ola Foods delivery service on hold following its relaunch. In contrast, Zomato-owned Blinkit continues to operate Bistro, its instant food delivery app. Swish, which started operations in FY25, reported revenue of Rs 4 crore and a loss of Rs 19 crore for the period from July 8, 2024, to March 31, 2025.

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Exclusive: Robotics startup Miko to raise $155 Mn at $550 Mn valuation

EntrackrEntrackr · 6m ago
Exclusive: Robotics startup Miko to raise $155 Mn at $550 Mn valuation
Medial

Exclusive: Robotics startup Miko to raise $155 Mn at $550 Mn valuation Child companion robot maker Miko is raising Rs 1,325 crore ($155 million) in its Series D round from AMDG-PAX Foundation, a US-based non-profit organisation. The board of RN Chidakashi Technologies Private Limited, which operates under the brand name Miko, has passed a special resolution to issue 22,465 preference shares at an issue price of Rs 5.9 lakh each to raise the sum, its regulatory filing with the Registrar of Companies (RoC) shows. According to the filing, the fresh proceeds will be utilized to meet business requirements and other general corporate purposes. Entrackr estimates the company’s post-money valuation at around $550 million, a 2.7X increase from its previous round. Queries sent to Miko on Friday did not receive any response until the story was published. Miko.ai runs on a hybrid model, selling AI-powered robots such as Miko Mini and Miko 3 priced in the Rs 15,000–25,000 range, while also pushing its premium subscription Miko Max to drive recurring revenues beyond device sales. The company claims to serve customers in over 140 countries, including the US, Europe, and the Middle East. So far, Miko has raised over $75 million (excluding this round), including a $29 million Series B round led by IvyCap Ventures. According to the filing, AMDG-PAX Foundation will hold 27.87% (post-allotment) of the firm. While Miko’s Indian entity has yet to file its FY25 annual report, its revenue from operations grew 58% to Rs 358 crore in FY24, compared to Rs 225 crore in FY23. Its losses stood at Rs 120 crore in FY24. Miko competes with PlayShifu, Avishkaar, and WitBlox, among others.

Exclusive: Snabbit set to raise $30 Mn with over 2X valuation premium

EntrackrEntrackr · 4m ago
Exclusive: Snabbit set to raise $30 Mn with over 2X valuation premium
Medial

URL: https://entrackr.com/exclusive/exclusive-snabbit-set-to-raise-30-mn-with-over-2x-valuation-premium-10600876 Content: On-demand home services platform Snabbit is raising Rs 265.4 crore ($30 million) in a Series C round led by Bertelsmann, with participation from existing investors Lightspeed, Elevation, and Nexus Venture Partners. This marks the third funding round within 10 months of 2025 for the Bengaluru-based company, which last raised $19 million in its Series B round in May. Snabbit recently relocated its base from Mumbai to Bengaluru. The Snabbit’s board passed a special resolution to approve the issuance of 54,876 Series C CCPS at an issue price of Rs 48,377 apiece to raise the above-mentioned sum, its regulatory filing accessed from Registrar of Companies (RoC) shows. As per the filing, Bertelsmann will lead the round with an investment of Rs 135.39 crore ($15.38 million). Existing investors Lightspeed and Elevation Capital will each contribute Rs 53 crore ($6 million), while Nexus Venture Partners will invest Rs 23.89 crore to increase its stake in the company. The proceeds from the funding will be used to meet its working capital needs and capital expenditure to sustain growth, expand its user base in India, and address general corporate purposes, the filing added. According to Entrackr’s estimates, Snabbit’s valuation is set to surge over 2X to Rs 1,516 crore ($172 million) from $80 million in its Series B round. Notably, the company was valued at $23 million post its Series A round in January this year. Founded in 2024 by Aayush Agarwal, Snabbit is an on-demand home services platform that connects households with trained professionals for tasks such as cleaning, dishwashing, and laundry. Users can book experts by the hour, with service providers arriving within 10 minutes. According to startup data intelligence platform TheKredible, Snabbit had raised around $25 million prior to this round. Following the latest allotment, new investor Bertelsmann will hold an 8.5% stake in the company, while Nexus Venture Partners will remain the largest external shareholder with a 21.24% stake. Elevation Capital and Lightspeed will own 19.93% and 14.79% stakes, respectively. Snabbit directly competes with industry leader Urban Company, which was recently listed on Indian stock exchanges. It also faces competition from Pronto, a ten-minute house help service startup that raised $11 million in a round co-led by General Catalyst and Glade Brook Capital.

Exclusive: Scaler to raise $40 Mn at reduced valuation

EntrackrEntrackr · 9m ago
Exclusive: Scaler to raise $40 Mn at reduced valuation
Medial

Exclusive: Scaler to raise $40 Mn at reduced valuation Upskilling platform Scaler is finalizing a $40 million fundraise, according to people familiar with the matter. This would be its first funding round in over three years, with the last one, a Series B, in February 2022. “Lighthouse is likely to lead a new funding round in Scaler, with some existing investors also participating. The deal is in its final stages and, barring any last-minute changes, is expected to close in a few weeks,” said a source requesting anonymity due to the private nature of the discussions. Scaler has so far raised over $75 million across rounds from the likes of Lightrock India, Peak XV Partners, and Tiger Global. The firm last raised $55 million in Series B in February 2022 at a valuation of $710 million. However, sources indicated that this will be a down round, with Scaler's valuation expected to plunge to $350–$370 million after the new funding. In response to Entrackr’s queries, Scaler said it does not comment on market speculation, while Peak XV declined to comment. Lighthouse had not responded by the time of publication. Scaler specializes in upskilling college students and technology professionals by offering an intensive six-month computer science program. The course is delivered through live classes led by experienced tech leaders and subject matter experts. While Scaler has yet to disclose its FY25 numbers, the company’s revenue from operations grew to Rs 384.5 crore in FY24 from Rs 316.7 crore in FY23. Optimization of major expense categories helped the company reduce its overall losses by 58% to Rs 139 crore in FY24. At the beginning of FY25, Scaler laid off around 150 employees citing long-term growth and sustainability. It competes with Newton School, Masai School, and to some extent with Simplilearn. Many growth and late-stage startups are operating in a challenging funding environment, raising capital at flat or reduced valuations.

Exclusive: Anushka Sharma-backed Slurrp Farm raises fresh funds at $90 Mn valuation

EntrackrEntrackr · 1m ago
Exclusive: Anushka Sharma-backed Slurrp Farm raises fresh funds at $90 Mn valuation
Medial

Exclusive: Anushka Sharma-backed Slurrp Farm raises fresh funds at $90 Mn valuation Children-focused snacking and meal brand Slurrp Farm has raised Rs 30 crore (around $3.3 million) in its extended Series C round from Scarlet Ventures. The fundraise comes after a nearly two-year gap for the Gurugram-based startup. The company previously raised Rs 60 crore ($7.2 million) from Fireside Ventures, Raed Capital, and others in January 2024. Entrackr exclusively reported the development then. The board at Wholsum Food Private Limited, the parent company of Slurrp Farm, has allotted 1,04,457 Series C1 preference shares at an issue price of Rs 2,872 each to raise Rs 30 crore from Scarlet Ventures, according to the filing sourced from the Registrar of Companies (RoC). The company will use the new investment amount to augment the long-term financial resources of the company, the filing further added. According to Entrackr’s estimates, the firm’s valuation grew 59% to Rs 810 crore (around $90 million) post-money, compared to Rs 510 crore valuation in its previous $7.2 million round. Following the latest round of allotment, new investor Scarlet Ventures holds a 3.7% stake in the company. Slurrp Farm has raised around $18 million across multiple funding rounds, including a $7 million Series B round led by the Investment Corporation of Dubai. Following this round, Bollywood actress Anushka Sharma came on board as an investor and brand ambassador. Founded in 2016, the company makes millet-based snacks and meals for young children. Its portfolio products include porridges and cereals, puffed snacks for children, millet pancakes, millet dosa, cake mixes, and others. Slurrp Farm’s parent reported over 30% YoY growth in its operating revenue to Rs 95.6 crore in FY25 from Rs 72.5 Cr in FY24. However, its losses also increased by 29% to Rs 32.7 crore in the same period.

Exclusive: Easebuzz in talks to raise around $30 Mn at over $250 Mn valuation

EntrackrEntrackr · 2m ago
Exclusive: Easebuzz in talks to raise around $30 Mn at over $250 Mn valuation
Medial

Exclusive: Easebuzz in talks to raise around $30 Mn at over $250 Mn valuation Full-stack payments solutions provider Easebuzz is in advanced discussions to raise $30 million in a new funding round, according to two people familiar with the matter. The discussions come just months after the company wrapped up its $30 million Series A round in April. As per sources, the round is expected to see participation from both new and existing investors, including Bessemer Venture Partners. “The valuation being discussed is close to $250 million post-money,” said one of the sources, requesting anonymity as the talks are private. A second source confirmed the funding size and added that the company has held conversations with multiple global funds over the past quarter. The potential fundraise follows several recent regulatory and business developments for the Pune-based company. Last month, the Reserve Bank of India allowed Easebuzz to offer online, offline and cross-border payment solutions, expanding its product offerings. The company has also posted strong financial growth and saw a 2.3X increase in operating revenue in FY25, with profit after tax at Rs 19 crore. During the last funding led by Bessemer, Easebuzz said it was exploring an IPO in the next 2–3 years. The upcoming fundraise is likely to accelerate these plans, sources indicated. Launched in 2016, Easebuzz serves more than 2.5 lakh merchants and processes over 3 million transactions each day. Its annualized Gross Transaction Value (GTV) is more than $50 billion. “With regulatory clarity and product expansion, Easebuzz wants to scale rapidly across SMBs and mid-market enterprises,” said the second source. “The company sees opportunity in sector-specific payments and reconciliation stacks where traditional gateways have gaps.” Responding to Entrackr’s queries, a company spokesperson Easebuzz does not comment on speculative information. Queries sent to Bessemer last week remained unanswered. Easebuzz has raised $34 million to date. As per TheKredible, 8i Ventures is the largest external shareholder with 10.88% stake followed by Varanium Capital and Bessemer Venture Partners with 8.48% and 8.47%, respectively. If the deal goes through, this will be one of the largest growth-stage raises in India’s payments infrastructure segment in recent months. It competes with Razorpay, Cashfree, PayU, Pine Labs, CC Avenue, among others.

Exclusive: Droom India raises funds at $360 Mn valuation

EntrackrEntrackr · 1y ago
Exclusive: Droom India raises funds at $360 Mn valuation
Medial

Exclusive: Droom India raises funds at $360 Mn valuation IPO-bound used car marketplace Droom is raising Rs 25 crore (approximately $2.9 million) in a fresh funding round co-led by India Accelerator (IA), and Rameshchandra Shah. The board at Droom has passed a special resolution to issue 15,62,500 preference shares at an issue price of Rs 160 each to raise Rs 25 crore or $2.9 million, its regulatory filings sourced from the Registrar of Companies (RoC) shows. India Accelerator and Shah both will invest Rs 5 crore each, Shirish Patel, CEO of Prudent Corporate Advisory (wealth management company) will invest Rs 3 crore and the remaining amount will be invested by other individual investors. The firm will use these proceeds for general corporate purposes, the filings said. As per Entrackr’s estimates, the Gurugram-based firm will be valued at approximately Rs 3,097 crore or $360 million post-allotment. “We deliberately kept the valuation very low for the Indian subsidiary as a strategic move to give material upside to Indians who did not have opportunity to participate in the making of Droom in the past one decade,” said Sandeep Aggarwal, Founder and CEO of Droom, in response to queries about the company's valuation. “We plan to raise a bit more capital in the near term at much higher valuation both in Singapore and India…” Droom is an online marketplace for buying and selling used vehicles, including cars, motorcycles, and electric vehicles. It also offers rental services. According to startup data intelligence platform TheKredible, Droom has raised approximately $330 million from investors including 57 Stars, Seven Train Ventures, Lightbox, and Beenext. Droom reported Rs 85 crore in revenue for FY24, a 66% decline from Rs 253 crore in FY23. It managed to reduce its losses by 35% to Rs 40 crore in FY24. Droom is reportedly planning to file draft papers for a Rs 1,000 crore IPO in 2027, targeting a valuation between $1.2 billion and $1.5 billion.

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